Budget Analyst I, Enterprise Analyst - Denver

Colorado Department of Transportation; Denver (CO); On-site; USD 55,000 - 75,000; Full time

Benefits offered by this job

Health insurance

Retirement benefits

Paid time off

Tuition reimbursement

Professional development

Wellness program

Job summary

Colorado Department of Transportation is seeking a Budget Analyst I, Enterprise Analyst. This entry-level role supports the transportation enterprises to develop annual budget requests, execute actions, monitor expenditures, and support revenue program activities.

The position collaborates across functions and implements public sector best practices. The role will assist with legislative budget development, fiscal analysis, debt portfolio management, and reporting to leadership, ensuring budget

Responsibilities

• Respond to stakeholder requests by gathering information, researching or investigating issues, analyzing data, and making recommendations to senior staff.
• Communicate effectively to ensure assigned stakeholders are aware of and follow OFMB guidelines, policies and processes throughout the budget cycle.
• Collaborate with enterprise staff and leadership to learn about the enterprise operations to accurately assess resource needs and proactively recommend budget changes.
• Attend relevant meetings to stay apprised of current events and issues and provide regular updates to OFMB and DAF leadership.
• Respond to information requests about enterprises from internal and external sources and coordinate with stakeholders for accurate and timely responses.
• Provide regular reporting on the budget and other financial information, focusing on transparency, accuracy, and accessibility.

Job description

Department Information

This position is only open to Colorado state residents. New employees to the State will be paid biweekly. There are 26 biweekly pay periods in a year.

About CDOT

CDOT employees make a difference by providing freedom, connection, and experience to the traveling public, while also keeping them safe. The State of Colorado offers competitive medical, dental and vision insurance, life and disability insurance, and flexible spending and health savings accounts. Visit the State of Colorado benefits for details, current premium rates and a summary video about benefits. The state also offers PERA retirement, great optional PERA plans such as 401K, a generous paid time off package of annual, sick, holiday and other leave, strong career growth, tuition reimbursement and professional development. Perks include Colorado Employee Assistance Program (CSEAP) counseling, wellness, credit union membership and employee discount program. Visit CDOT Benefits for details. Some positions may qualify for Public Service Loan Forgiveness.

CDOT for All

CDOT’s strength is our people, and our commitment to our people is to shape, support, and sustain the employee experience, and ultimately, create a supportive workplace where everyone, regardless of gender, race, ethnicity, religion, national origin, age, sexual orientation, gender identity, citizenship status, education, disability, socio-economic status, or any other identity, has the opportunity to thrive.

Description Of Job

About the Position

The Budget Analyst I, Enterprise Analyst is an entry-level position. Under the guidance and support of senior staff, this position supports the transportation enterprises to develop annual budget requests, execute budget actions, monitor and report on budget and expenditures, and other activities that support budget processes. The position will also be responsible for coordinating across functional areas to provide support for the Department's revenue program, legislative budget development, fiscal analysis, and debt portfolio management. Finally, this position will be responsible for implementing public sector best practices in all assigned work areas and for participating in the improvement of budget processes and systems within the purview of the job description.

Responsibilities

• Financial Support
  • Respond to stakeholder requests by gathering information, researching or investigating issues, analyzing available data, and working with senior staff to make recommendations on possible solutions.
  • Communicate effectively and frequently to ensure that assigned stakeholders are aware of /understand and follow all OFMB guidelines, policies and processes throughout the budget cycle.
  • Collaborate with enterprise staff and leadership to learn about the enterprise’s operations to accurately assess resource needs and to proactively recommend changes to the budget to address those needs.
  • Attend relevant meetings to stay apprised of current events and issues to proactively address any budget-related issues; provide regular updates to OFMB and DAF leadership.
  • Respond to requests for information about enterprises from a variety of internal and external sources, and coordinate with stakeholders as needed to provide accurate and timely responses.
  • Provide regular reporting on the budget and other financial information, with a focus on transparency, accuracy, and accessibility.
• Annual Budget Development
  • Coordinate with enterprise staff and leadership to develop a budget request and accurately incorporate estimates into budget request documents and worksheets.
  • Coordinate with enterprise staff and leadership to ensure that enterprise budgets are accurately incorporated into CDOT Annual Budget Allocation Plan.
  • Coordinate with enterprise staff and leadership to ensure enterprise boards adopt budget requests in accordance with all applicable department policy directives, state and federal laws, other relevant authoritative guidance, and budgeting best practices.
  • Report on the process, timeline and status of the budget requests for enterprise staff, leadership, and boards to ensure alignment between enterprises and CDOT.
  • Participate in the annual budget push process to ensure accuracy for enterprise budgets prior to the start of the new fiscal year.
• Budget Management and Execution
  • Work with OFMB leadership to conduct ad hoc analysis on budget and expenditures for enterprises that do not have dedicated financial / budget staff.
  • With support from the Revenue & Policy Director and Budget Director, collaborate with enterprise staff and leadership to evaluate requests for budget actions and correctly apply relevant Policy Directives and guidelines;
  • Learn to execute approved budget transactions in the Department’s budget and financial applications as needed.
  • Monitor budgets for assigned areas during the fiscal year and proactively identify opportunities to improve resource allocation.
  • Provide regular budget management reporting, including fiscal year end spending projections, to foster budget accountability and to proactively resolve any budget-related issues.
  • Coordinate with enterprise staff and other units within The Division of Accounting and Finance on fiscal year financial open / close activities.
• Support The Department’s Revenue Program By Assisting With Maintaining And Operating Revenue Forecasting Models, Providing Monthly Revenue And Cash Flow Projections, And Analyzing Outputs And Reporting Results To Management And External Stakeholders Including The Following
  • Work with the Revenue & Policy Director to update and maintain revenue models in the Department’s revenue forecasting tool.
  • Assist with tracking and recording all revenues in the statewide and Department financial accounting systems, adhering to all applicable Department policy directives state and federal laws, other relevant authoritative guidance, and budgeting best practices.
  • Assist with year-end revenue reconciliation.
  • Collaborate with OFMB’s budget development staff to ensure that program allocations align with the revenue forecast.
  • Collaborate with the Division of Transportation Development and OFMB leadership to communicate the long-range revenue forecast, revenue reconciliations, and any other revenue-related topics to Metropolitan Planning Organizations, Transportation Planning Regions, and any other external stakeholders as needed.
• Support The Development Of The Department’s Legislative Budget For Submission To The Office Of State Planning And Budgeting (OSPB), The Joint Budget Committee (JBC), And The Governor, And The Legislative Budget Process For The Department Throughout The Budget Cycle Including
  • Helping ensure that all budget reports and documents are accurate and conform with OSPB’s budget instructions and deadlines.
  • Coordinating funding requests and changes to the Department’s budget with the Executive Management Team and other Department leadership for inclusion in the budget request;
  • Learning how to prepare all budget schedules and other required reports that make up the legislative budget request;
  • Monitoring the Department’s budget request throughout the process and communicate any updates as needed;
  • Ensuring compliance with all statutory deadlines and requirements.
  • Support activities related to managing the